Free-standing Office/Retail Complex

Listing Summary

Free-standing Office/Retail Complex with lots of on-site parking & in downtown La Porte, TX, at 110 N Broadway.

Full Description

High-Visibility Free-Standing Office/Retail Complex in Downtown La Porte

An exceptional opportunity to acquire a free-standing commercial building with General Commercial (GC) Zoning in the vibrant heart of Downtown La Porte, TX, located at 110 N Broadway.

This versatile complex, currently utilized for office and retail purposes, is turn-key and well-suited for a wide range of professional uses. It features ample on-site parking, a highly desirable asset for a downtown location, ensuring convenience for both staff and clientele.

Location Advantages:

The property benefits from being centrally located amidst numerous food options and is minutes away from major economic drivers, including:

• The Port of Houston / Houston Ship Channel

• Major Highways (Hwy 146 / SH-225)

• Recreational amenities like the Bay Forest Golf Course.

Secure your business's future in a core La Porte commercial district!

RENT ROLL:

Unit #A (1,000SF): Comm Lease: Re/Max Real Estate; Term: 01/01/2025 thru 12/31/2026: ($1,000/MO Base Rent + $500/MO NNN) = $1,500/MO

Unit #B (1,000SF): Comm Lease: Shipyard Logistics Company; Term: 04/25-04/26 ($1,000/MO Base Rent + $500/MO NNN) = $1,500/MO

Unit #C (3,040SF): Comm Lease: Drug Testing related Contractor; Term: 01/01/2025 thru 12/31/2026 ($2,500/MO Gross Lease) = $2,500/MO

Total Projected Gross Income: $5,500/mo x 12-months = $66,000/YR

LANDLORD EXPENSES:

Tax Rate: 2.4475% ($535,387 Assessed Value 2024, $13,103/YR)

TWIA Texas Windstorm Insurance: $5,971.00/YR

WWLG Building Insurance: $4,716/YR

Maintenance: $1,200.00/YR (Landscaping)

Miscellaneous: As Needed

TOTAL EXPENSES: $24,990.00

TENANT(S) EXPENSES:

Utilities Historic Bills (Per Seller) & Tenants to pay all utility bills moving forward as of 01/2025: 

Electricity approximately $200.00/month.

There are 2 A/C/heat units and it depends on whether they use both.  

Water/sewer $80.00/month  

Internet – depends on provider, but what we currently have with AT&T is $105.00/month

$66,000 GOI - $24,990 EXPENSES = $41,010 NOI/$699,000 = 5.9% CAP Rate

La Porte, Texas is a picturesque city located in Harris County, along the scenic shores of Galveston Bay. With its rich history, natural beauty, and close-knit community, La Porte offers residents a wonderful blend of coastal living and small-town charm. One of the standout features of La Porte is its stunning waterfront location. The city is blessed with miles of shoreline, providing residents with ample opportunities for boating, fishing, and water sports. Sylvan Beach Park, a local favorite, offers a sandy beach, picnic areas, and a fishing pier, making it a perfect spot for family outings and enjoying beautiful sunsets over the bay. La Porte is also home to several marinas and boat ramps, catering to boating enthusiasts and providing easy access to the Gulf of Mexico. Whether you enjoy sailing, kayaking, or jet skiing, the waterways of La Porte offer endless recreational possibilities. The city's historic district showcases its rich heritage. Stroll along Main Street and you'll find charming buildings dating back to the early 20th century, housing unique shops, restaurants, and art galleries. The Heritage Society of La Porte operates the Sylvan Beach Depot Museum, which provides a glimpse into the city's past and its significance as a major port. For nature lovers, La Porte is surrounded by natural beauty. The nearby San Jacinto Battleground State Historic Site is a must-visit, commemorating the famous Battle of San Jacinto, where Texas won its independence from Mexico. The park offers walking trails, picnic areas, and a monument honoring the historic battle. Education in La Porte is served by the La Porte Independent School District, which is committed to providing quality education to its students. The district boasts several highly-rated schools and offers a variety of academic and extracurricular programs. When it comes to amenities, La Porte has a range of shopping and dining options to cater to residents' needs. From local boutiques to popular chain stores, you'll find a variety of retail experiences. The city also offers diverse dining choices, with restaurants serving everything from fresh seafood to international cuisine. With its coastal beauty, rich history, and friendly community, La Porte, Texas offers a unique and desirable place to call home. Whether you're seeking outdoor adventures, cultural experiences, or a relaxed coastal lifestyle, La Porte has something to offer everyone.

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